The disagreement centres around whether satellite broadband spectrum should be auctioned or administratively allocated in India

Elon musk, musk, Elon, Mukesh Ambani, Ambani

Stock Market Today: Bears took the reins on the D-Street as 21 out of 30 constituent stocks of BSE Sensex ended in red, dragged by Bajaj Finance, Reliance Industries, and Tata Steel

stock market, BSE

Trudeau highlighted ongoing tensions between the two nations and stressed the importance of an upcoming meeting between their national security advisors

Justin Trudeau, Canada PM

The powerful sister of North Korean leader Kim Jong Un on Saturday accused South Korea of deliberately avoiding responsibility for the alleged flights of South Korean drones over the North's capital, and warned of a terrible calamity if they continue.
The statement by Kim Yo Jong came a day after North Korea's Foreign Ministry claimed that South Korean drones carrying anti-North Korean propaganda leaflets were detected in the night skies over Pyongyang on October 3, and Wednesday and Thursday this week.
The ministry said North Korean forces will prepare all means of attack capable of destroying the southern side of the border and the South Korean military, and respond without warning if South Korean drones are detected in its territory again.
South Korea's defence minister initially denied the accusation, but the South's military later adjusted its response, saying it couldn't confirm whether or not the North's claims were true.
In comments published through state media, Kim, one o

Kim Yo Jong

Palestinians in northern Gaza described heavy Israeli bombardment Saturday in the hours after airstrikes killed at least 22 people, as Israel continued to tell people there and in southern Lebanon to get out of the way of its offensives against the Hamas and Hezbollah militant groups.
In Lebanon, the United Nations peacekeeping force said its headquarters in Naqoura had again been hit, with a peacekeeper struck by gunfire late Friday and in stable condition. It wasn't clear who fired. The shooting occurred a day after Israel's military fired on the headquarters for the second straight day.
Israel, which has warned the peacekeepers to leave their positions, didn't immediately respond to questions.
Hunger warnings emerged again as residents in northern Gaza said they hadn't received aid since the beginning of the month. The UN World Food Programme said no food aid had entered the north since October 1. An estimated 4,00,000 people remain there.
Israel's military renewed its offensive

Gaza conflict, Hamas, Israel, Palestine

An unidentified person fired at and injured Baba Siddiqui of the Ajit Pawar-led NCP in Mumbai's Bandra East on Saturday evening.
The former state minister has been admitted in Lilavati Hospital nearby, a police official said.  The firing took place outside his MLA son Zeeshan Siddiqui's office near Colgate ground in Nirmal Nagar, the official added.  "Two to three rounds were fired. Further probe is underway as teams have rushed to the area," the official said.  Siddiqui had recently joined the NCP from the Congress.

Baba Siddiqui

New communication continues the trend of baseless assertions, which seem to be part of a deliberate strategy to smear India for political gains, says the Ministry of External Affairs

Trudeau, Justin Trudeau, Canada PM

Textile manufacturer Alok Industries on Monday said its consolidated net loss widened to Rs 262.10 crore for the second quarter ended September 2024.
The company had posted a net loss of Rs 174.83 crore in the July-September period a year ago, according to a regulatory filing from Alok Industries, jointly owned by Reliance Industries and JM Financial Asset Reconstruction.
Its revenue from operation fell 35.46 per cent to Rs 885.66 crore during the period under review. It was Rs 1,372.34 crore in the corresponding period a year ago.
The total expenses in the September quarter declined 25.45 per cent to Rs 1,160.63
Alok Industries' total income, including other income, was down 34.97 per cent to Rs 898.78 crore in the September quarter.
Reliance Industries owns a 40.01 per cent stake and 34.99 per cent by JM Financial Asset Reconstruction Company in Alok Industries, which operates in-home textiles, cotton yarn, apparel fabric, garments, and polyester yarn.
Shares of  Alok Industrie

textile industry, company, MSMEs, jobs, employment

The government on Sunday imposed import curbs on parts of pocket lighters with immediate effect, a move which would help encourage domestic manufacturing and cut dependence on their inbound shipments from China.
"Import of parts of pocket lighters, gas fuelled, non-refillable or refillable lighters (cigarette lighters)... is restricted with immediate effect," the directorate general of foreign trade (DGFT) said in a notification.
Imports of cigarette lighters, priced less than Rs 20, are already prohibited. The import ban is also there on pocket lighters, gas-fuelled, non-refillable or refillable.
Last year, the government also issued mandatory quality standard norms for flame-producing lighters with a view to contain import of sub-standard goods and boost domestic manufacturing.
Items under the quality control orders (QCO), cannot be produced, sold/traded, imported and stocked unless they bear the BIS (Bureau of Indian Standards) mark.
During April-July this fiscal, import of lig

In one rare situation, there is a case for some protectionism against imports from China

The volatile geo-political situation should lead to some caution for investors. But given the weakness in global and China demand, these trends could persist

As Brent crude price trades below $70 per barrel, analysts are backing aviation and tyre stocks and are cautious about paints and oil marketing companies (OMCs). “Oil prices are down over  20 per cent from their recent peak and bode well for sectors

Companies embracing AI-led processes globally are experiencing remarkable growth, surpassing their peers with higher revenue growth and greater productivity, according to a report by Accenture.
In India, the percentage of organisations fully modernised with AI has surged from 8 per cent in 2023 to an impressive 25 per cent in 2024, marking a significant leap in operational efficiency and revenue generation, the report said.
The findings are based on a survey of 2,000 executives across 12 countries and 15 industries, including insights from 200 senior executives based in India.
The report, titled "Reinventing Enterprise Operations with Gen AI," highlighted that globally, organisations that have adopted intelligent operations are achieving 2.5 times higher revenue growth and 2.4 times greater productivity than their peers.
This trend underscores the transformative power of Generative AI, which has become a catalyst for innovation across various sectors. Notably, 79 per cent of Indian

Big Tech, artificial intelligence, California AI bill

Voting for bypolls on seven assembly seats in Rajasthan will be held on November 13, the results of which will be declared on November 23, according to the Election Commission of India.
At a press conference in New Delhi on Tuesday, Chief Election Commissioner Rajiv Kumar announced the schedule for bypolls in 48 assembly constituencies spread and two parliamentary constituencies spread across 15 states.
In Rajasthan, bypolls will be held in Jhunjhunu, Dausa, Deoli-Uniara, Khinvsar, Chaurasi, Salumbar and Ramgarh assembly seats.
Out of the seven seats on which bypolls are to be held, four of them were with the Congress.
Two of these by-elections are being held due to the deaths of the MLAs: Ramgarh's Congress MLA Zubair Khan and Salumbar's BJP MLA Amritlal Meena.
In five constituencies, the MLAs were elected as MPs in the Lok Sabha polls, necessitating bypolls. They are Congress MLA Brijendra Ola from Jhunjhunu, Congress MLA Harish Chandra Meena from Dausa, Rashtriya Loktantrik Par

vote, voting

The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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Sentiment positive for OMCs on lower oil prices, marketing margins

AI-led firms report higher growth, outpace peers in revenue, productivity

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